Evolve Global Healthcare Enhanced Yield Fund (LIFE.TO)

The LIFE fund aims to largely replicate the returns of the Solactive Global Healthcare 20 Index, hedged to the Canadian dollar, prior to the deduction of fees and expenses. Concurrently, it endeavors to diminish potential losses. Its core investment strategy involves holding the equity securities that make up this index. Furthermore, the fund generates additional income by employing a covered call strategy, selling options on a maximum of 33% of its holdings, a decision left to the discretion of the Manager. The precise volume of covered call options written can fluctuate, depending on prevailing market volatility and other pertinent considerations.